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Sleep Number Full Year 2022 Earnings: In Line With Expectations

Sleep Number (NASDAQ:SNBR) Full Year 2022 Results

Key Financial Results

  • Revenue: US$2.11b (down 3.2% from FY 2021).

  • Net income: US$36.6m (down 76% from FY 2021).

  • Profit margin: 1.7% (down from 7.0% in FY 2021). The decrease in margin was primarily driven by lower revenue.

  • EPS: US$1.64 (down from US$6.40 in FY 2021).

SNBR Sales Performance

  • Like-for-like sales growth: Down 6.0% vs FY 2021.

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sleep Number Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are up 16% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Sleep Number (2 shouldn't be ignored!) that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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